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ComorosMortgage calculator for Oman 2026
Enter the property price, your income and the bank's rate to see the monthly instalment, the total profit and the yearly repayment schedule. Switch to "How much will the bank lend?" to find the largest loan your salary allows under the rules in Oman.
Example: a property costing 90,000 Omani rials, financed at 90% (81,000) over 25 years at 5.5% reducing, costs about 497 Omani rials a month, with 68,223 in total profit. The Central Bank cut the down payment margin for first-home buyers to 10% from 20% as part of the stimulus package (September 2020), according to press sources. Housing loan terms up to 25 years, and bank documents state a maximum age of 60 at the end of the loan and 70 for retirees.
Finance details
⏩Early repayment
Repayment schedule
The yearly schedule appears after you calculate.
How the calculation works
- Reducing balance: each month the bank charges profit only on what you still owe, so early instalments are mostly profit and later ones mostly principal.
- Down payment: central banks cap how much of the price a bank may lend (the loan-to-value limit). The rest is your down payment.
- Salary deduction cap: all your instalments together may not exceed a set share of your income (the debt burden ratio). This decides the largest loan you can get.
Islamic banks call the bank's return "profit" rather than interest; the arithmetic is the same.
Home finance rules in Oman
- The Central Bank cut the down payment margin for first-home buyers to 10% from 20% as part of the stimulus package (September 2020), according to press sources.
- Housing loan terms up to 25 years, and bank documents state a maximum age of 60 at the end of the loan and 70 for retirees.
- Early repayment: 1% according to Omani bank documents, with no published official circular.
- Policy rate: The Central Bank of Oman raised the repo rate to 4.5% from 17 September 2026 (press source).
Estimate We could not verify these rules on the central bank's website directly; the figures come from press reports and bank documents.
Sources
Frequently asked questions
How much home finance will a bank give me on my salary?
Choose "How much will the bank lend?" and enter your income and existing instalments. The calculator applies the regulatory salary deduction cap in Oman and the maximum term, then works out the largest loan and the most expensive property you can buy, with the down payment required.
What is the difference between a flat rate and a reducing rate?
A flat rate is charged on the full original amount for the whole term; a reducing rate is charged only on the balance still owed. So a 3% flat rate equals roughly 5.5% reducing over 5 years. Home finance is usually quoted at a reducing rate, personal finance at a flat rate.
How much is the down payment on a mortgage?
In Oman: First home: 10%; Other housing loans: 20%.
Is it worth repaying a mortgage early?
1% according to Omani bank documents, with no published official circular. The calculator shows the amount needed to settle after any month and how much you save.
Related calculators
Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.
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